Virginia College Savings Plan (174)
| Request Title | Operate state-facilitated individual retirement account (IRA) savings program |
| Biennium | 2022-2024 |
| Budget Round | Initial Bill |
| Category | Technical Adjustment |
| Region | Richmond Area |
Description
|
Provides nongeneral fund appropriation and positions to operate state-facilitated IRA savings program. This amendment also amends language to authorize a working capital advance to cover the costs of designing, implementing, and managing the program. This program is authorized pursuant to Chapter 556 of the Acts of Assembly of 2021, Special Session I. |
Funding Summary
| Object Type | FY 2022 | FY 2023 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $2,000,000 | $2,000,000 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 3.00 | 3.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
| 799 | Administrative And Support Services | $2,000,000 | $2,000,000 | |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
| 05174 | Va529 Agency Operating | $2,000,000 | $2,000,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
| 799 | Administrative and Support Services | 3.00 | 3.00 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 07-18-2025 15:06:17
